Intel - Planning another textbook swingtrade!

Jul 13

🚀Intel (INTC) is soon testing massive support:

🔎Analysis summary:

About one year ago, Intel retested a massive horizontal support area. And back then, a strong bottom formation was very likely. Since then, Intel rallied an expected +650% and is now coming back to retest the previous all time high. A second textbook setup is forming.

📝Levels to watch:

$65

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

Jul 21

Trade active

🚀Intel (INTC) is getting closer and closer:

🔎Analysis summary:

Being down about -25% over the past two weeks, Intel is slowly approaching the next major support. And while we would still have to see a move of another -30%, Intel might also form new support much sooner. Thus the monthly candle of July will be very decisive.

📝Levels to watch:

$65

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

Jul 28

Trade closed: target reached

🚀Intel (INTC) has to drop a final -20% now:

🔎Analysis summary:

After creating a quite expected move of about -40% lower this month, Intel is coming closer to major support. And looking at the higher timeframe, Intel is just heading for a textbook break and retest. But first, Intel has to correct a final -20% from here.

📝Levels to watch:

$65

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)